The fourth of six defendants in a $60 million tax fraud conspiracy case has been sentenced to more than 17 years in prison for his role.
U.S. District Judge Charles R. Norgle sentenced Timothy Shawn Dunn, of Chesterton, Ind., to a term of 210 months. Prior to his conviction in May 2008, Dunn owned Moneyfacts, a financial advisory business in Highland, Ind. Dunn and his co-defendants were found to have carried out a nearly decade-long scheme to market and sell sham domestic and foreign trusts through the now-defunct Aegis Co., of Palos Hills, Ill., to about 650 wealthy taxpayer clients. They used a network of promoters, sub-promoters, managers, attorneys and accountants to promote the trusts.
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